Ethereum’s native token, Ether (ETH), rallied on March 13 after the U.S. regulators shored up wavering confidence within the banking sector led by the shutdown of $209 billion Silicon Valley Financial institution (SVB) and $110 billion Signature Financial institution (NASDAQ:).
Ether’s worth rose over 3% to round $1,635, its highest stage in nearly two weeks. The beneficial properties got here as part of the token’s broader rebound transfer that noticed it rallying almost 20% from its March 10 low of $1,369.
ETH/USD day by day chart
ETH/USD weekly chart
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